top half of a construction crane

Notable Business Announcements

A number of business expansions and new jobs were announced between July 1 and December 31, 2020 in Raleigh.

Hitachi-ABB Power Grids

The joint venture between Hitachi and ABB’s Power Grids has expanded its headquarters at NC State’s Centennial Campus and added 150 jobs. In an interview with Triangle Business Journal, Yoann Barbosa, interim site lead and country finance director for Power Grids, said the new Hitachi ABB Power Grids business is already investing in Raleigh, where it also houses its power grids research and development center.

Power Grids has expanded to the second floor of its current building on Centennial Campus to create a 3,000 square foot “customer experience center.” The 3,000-square-foot center is expected to be complete this fall and will host demos for customers. Right now, Power Grids has 450 Raleigh employees, including most of the 150 new positions the company created for the new venture. ABB (NYSE: ABB) continues to have its North American headquarters in Cary.

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Perry’s Steakhouse

At the end of August, Perry’s Steakhouse & Grille, a popular Texas-based steakhouse, opened its first North Carolina location in Raleigh. The new restaurant has about 13,000 square feet of dining space and is expected to employ about 100 workers when fully staffed. Perry’s is located at 4509 Creedmoor Rd. in the new Crabtree Terrace building across from Crabtree Valley Mall.

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A Raleigh-based engineering firm has brought on a new partner to launch an expansion into land surveying for residential, commercial and industrial projects. The new land surveying department is expected to have around eight members over the next year.

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A Place at the Table

Although the civil unrest had devastating effects on A Place at the Table, Maggie Kane and her team bounced back. They now have carry-out and curbside service while continuing their model of a pay-what you-can-restaurant. The remodel allows for the restaurant to offer a bigger menu, more outdoor seating and a larger indoor dining space when it is safe to reopen. On Sept. 26 the restaurant announced a temporary closure to reassess its operations to provide food to all community members safely.

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NC DHHS Headquarters

The state Department of Health and Human Services (DHHS) is planning for a new headquarters in the Blue Ridge Corridor of Raleigh. DHHS is currently located in Dorthea Dix Park and they plan to consolidate their offices and have most of the 4,000 employees in the new headquarters.

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Publix Grocery

Publix celebrated the grand opening of its downtown Raleigh location in September. The grocery store occupies over 45,000 square feet of space in the 12-story building on Peace and West Streets, alongside 5,000 additional square feet of retail space and 400 apartments. The grocer adds to the number of downtown grocery stores offering traditional supermarket departments including a Publix Deli, bakery, produce, meat & seafood and a variety of prepared foods.

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Pendo, the fast-growing software startup, announced in December it is opening offices to drive more business in the Asia-Pacific with new offices in Japan and Australia. Pendo currently has 450 employees at its Raleigh headquarters and has other offices in London, San Francisco and New York. 

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Phreesia, a publicly-traded firm (NYSE: PHR) that provides software-as-a-service platform to healthcare firms, has relocated its principal executive offices to Raleigh from New York. Securities filings show the firm has more than 16,000 square feet of space at 434 Fayetteville Street in downtown Raleigh, a lease that expires in 2023. As of Jan. 3, 2020, the firm had 532 full-time employees, primarily in the United States. The employees will continue to work remotely.

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Lonerider Brewing Company

Lonerider Brewing Company will soon open its second “Hideout” location in Raleigh. The full restaurant is at The Point in Five Points on Glenwood Avenue. The restaurant will offer pizza and wings among other items. There's a full bar as well as an outdoor container bar. Chef Ron West, formerly of Flemings and Mandolin, has joined the Lonerider team to run food operations at the new location.

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Monarch Realty Co.

Raleigh real estate firm launched a new HQ downtown in the former location of American Underground at 213 Fayetteville St., featuring coworking-style spaces for brokers as well as office space on the upper floors. Monarch currently has 20 brokers and seeks to expand to 100 in the coming year.

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Midtown Exchange

In November, Raleigh developer Dewitt Carolinas unveiled renderings of the mixed-use tower, MTX One. MTX One will feature 330,000 square feet of Class A office space, 19,000 square feet of retail and 5,000 square feet of conference and meeting centers across 12 stories. Dewitt expects construction to begin mid-2021 with completion slated for late 2022.

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Transfer Co Work Hall

In October, Raleigh’s Transfer Co. opened its co-working space for small, early-stage startups.  Jason Queen, a co-founder of Transfer Co., states that “our [co-working space] is focused on incubation and those first stages of growth for startups – getting them off the ground and giving them the infrastructure they need.” With the launch of Transfer Co. Work Hall, the food hall has added 4,000-square-feet of space.

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